From Lagos to Nairobi

Jumia, often described as Africa’s e-commerce pioneer, is undergoing a deliberate reset as it narrows operations and refines its strategy in pursuit of long-awaited profitability. After years of rapid expansion, heavy marketing spend, and investor-fueled growth, the company is now prioritising efficiency over scale in a tougher funding and consumer environment. The shift comes amid…

Speculation around a potential partnership or acquisition between global payments giant PayPal and Nigerian fintech leader Paga has ignited debate across Africa’s financial technology ecosystem. At the heart of the conversation is a pressing question: could such a deal create a dominant force—perhaps even a monopoly—in Nigeria’s fast-growing fintech market? Nigeria is Africa’s largest fintech…

Redtech, the fast-growing African technology solutions provider, has unveiled ambitious expansion plans targeting 29 markets across the continent, signaling a new phase of aggressive growth driven by both organic expansion and strategic mergers and acquisitions (M&A). The company, which has built a reputation for delivering enterprise software, digital infrastructure, and payment solutions, says it is…

If you’ve ever scrolled through TechCabal’s coverage of the African startup ecosystem, you’ll notice it rarely feels like a lecture. It feels like conversation — the kind that respects ambition, doesn’t shy away from reality, and tells you why things matter in practical terms. That’s the vibe we’re going for here. So let’s talk about…

Africa’s financial landscape just got a jolt. Beltone, one of the continent’s most ambitious financial players, has officially acquired Baobab Group, a move that instantly makes waves across sub-Saharan Africa. On paper, it’s a €197.6 million deal. But the real story isn’t the number — it’s the vision. Beltone isn’t just buying a company; they’re stepping…

Raenest is rapidly positioning itself as one of Africa’s most important cross-border fintech players after securing $11 million in Series A funding, bringing its total funding to approximately $14.3 million since launch. Founded in 2022, the Lagos-based startup is building financial infrastructure that allows African freelancers, remote workers and businesses to receive and manage international…